Sunday, May 10, 2009

development of the green economy

Halfway through last year, while the Standard & Poor's 500 Index was falling 10 percent, the green energy shares rose 30 percent. And during the two "panic selling" bottoms of October 2008 and March 2009 all the shares linked to renewable energies climbed easier than the Standard & Poor's 500 Index. In this perspective, most people think that the economic phenomenon called green economy will gradually cause the new speculative bubble of global stock markets (
Although some green energy shares are actaully overweight I think that the environmental sector of the global economy will increase. Nowadays United States and Spain are the most important makers of renewable energy in the world. Next year a new big photovoltaic station will be built in Australia (Mildura). Four photovoltaic stations will begin to produce renewable energy in the U.S. Mojave desert in 2011. Moreover, there are important projects about the production of photovoltaic energy in South Afrika (Upington) and Israel (Negev desert).
The UNDP report on green employees shows that the jobs linked to sustainable development and "green economy" in the world are 2,3 million of which 670,000 jobs in photovoltaic sector only. The development of "green economy" may increase the employment because it needs technicians, installation firms and designers. Of consequence, the growth of employment, which improve consumer spending, may give strenght to the global economy.
In the U.S. stock market there is one of the most important company which makes photovoltaic panels. The name is First Solar and since May 2008 its share price have fallen from $ 317 to $ 130. General Electric and the Danish company Vestas are the world leaders of the wind turbine. In the end, in the green business of stock market there's the Swedish company Abb.

1 comment:

strewth said...

Thank you for visiting my blog. Great to hear from you. Of course I remember you. How could I forget such a wonderful meal and great company. We have delightful memories of our visit to Civitavecchia.